Weakness may last
With the upward revision of the growth expectations in the USA and the much faster execution of vaccination studies, there is a movement in favor of the dollar in the parity. With a slump below 1.1850, there may be a gradual decline towards 1.1760 support in the short term.
- Support: 1,1760 – 1,1650
- Resistance: 1,1850 – 1,19 – 1,20
– Response trials are limited
Although vaccination studies in England are faster than in Europe, it is understood that the process of returning the economy to normal will be slow compared to the USA. Problems with the EU regarding Brexit also put the pair under pressure. Below 1.3750 at 1.3620 support position.
- Support: 1,3620 – 1,35
- Resistance: 1,3750 – 1,3860
– 108.50 at the support position
BoJ Chairman Kuroda stated in his statements that they will not make changes in the purchase of ETFs. With the deceleration of the US bond interest rates, we see that the 108.50 support is working in the parity. The resistance of 110 above the pair is quite strong.
- Support: 108,50 – 107,50
- Resistance: 109,40 – 110
– 1720-1750 band is protected
While the weakness in silver prices is noticeable, the 25-ounce level will be followed as support. In prices, it is expected that the 1720-1750 band will be preserved and the tightening will continue for a while. The effect of the DXY rise is limited at this stage.
- Support: 1720 – 1700
- Resistance: 1750 – 1765
NYMEX – Supply concerns are effective
With the accident in the Suez Canal, concerns about the disruption of oil shipment cause a recovery in prices. It is important to stay above the $ 60 barrel level while settling in the $ 62.50 – $ 64 barrel band.
- Support: 59 – 57,25
- Resistance: 60,80 – 62,00
Partial recovery effort can be seen
We see that the selling pressure experienced in the USA is more effective on technology shares. We see that the losses in the S&P 500 index are partially reversed in futures index contracts in Asia. New prospects for infrastructure investments in the US may revise growth targets upwards.
- Support: 3885 – 3861
- Resistance: 3950 – 3969
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